Acuity, a workers’ compensation insurer, will adopt Valen Analytics’ predictive modeling software, providing underwriters with tools to more efficiently assess risk, the company announced today.
The Wisconsin-based carrier’s implementation of Valen’s InsureRight platform enables its underwriters to make faster and more educated decisions on new business, which improve the overall bottomline, the companies said. The platform will also be directly integrated with underwriter workflow for real-time decision support.
“We found Valen’s perspective on analytics is very aligned with ours,” said Ed Warren, Acuity’s vice president of commercial lines. “Decisions cannot be made by the model alone, but are optimized when model results can be paired with an underwriter's unique insights.”
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